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Another Las Vegas Strip Casino Is Up for Sale

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Another Las Vegas Strip Casino Is Up for Sale

Tropicana in Las Vegas is up for sale. Tropicana landlord Gaming and Leisure Properties is looking to sell the 35-acre hotel and casino. Gaming and Leisure Properties purchased Tropicana, located in the famous Las Vegas strip, in April from Penn National Gaming.

Joseph Jaffoni of Gaming and Leisure Properties said the deal could have a number of outcomes, from a leaseback deal to an outright sale, the Review Journal reports. It is not clear yet when kind of price tag the Tropicana would have, but previous speculations have placed the value between $400 million to $700 million.

Casinos and Las Vegas in general were dealt a huge blow as businesses across the country and in Nevada closed down in March to help contain the spread on the virus. The famous Strip was eerily empty for months. Most casinos reopened in early June, but some others still remain closed. The 1,470-room Tropicana is one of them with an expected reopening date of September 1st.

More Las Vegas Posts

Closed Casinos Of Vegas Tour

If you are interested in seeing what Tropicana and 9 other closed Las Vegas casinos look like then make sure to check out our closed casinos tour! We went around Vegas and filmed closed casinos of all types! Enjoy.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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